292
/ 3
Min Read
Eco Hotels & Resorts Limited has announced the launch of Eco Satva Shirdi, a 58-room hotel in Shirdi, Maharashtra, marking another step in the company’s strategy to expand its hospitality portfolio across high potential pilgrimage, leisure and business destinations in India. The launch strengthens the company’s presence in Maharashtra and forms part of its broader plans to build a diversified portfolio across strategically important markets.
With the addition of this property, Eco Hotels has crossed 280 operational rooms and is set to further expand its portfolio with a 52-room property in Chhatrapati Sambhaji Nagar in October and a 16-room boutique hotel in Ayodhya within the next 45 days, taking its portfolio to approximately 350 rooms ahead of Diwali.
Located on Nagar Manmad Road in Nimgaon Korhale, Shirdi, the property has been developed to cater to the significant visitor base travelling to one of India’s leading pilgrimage destinations. The hotel offers a swimming pool and multiple food and beverage formats, including Sahar, the company’s pure vegetarian Satvik restaurant, a rooftop restaurant and bar, EcoSip Café, and Pan Asian and Continental dining options.
The launch of Eco Satva Shirdi reflects Eco Hotels & Resorts’ approach of identifying destinations with strong and sustained demand and developing properties suited to the requirements of each market. With pilgrimage tourism continuing to generate year-round travel, Shirdi presents an opportunity for the company to establish a stronger presence while expanding its portfolio across diverse destination categories.
Mr. Vinod Kumar Tripathi, Executive Chairman, Eco Hotels & Resorts Limited, said, “The launch of Eco Satva Shirdi is an important milestone in our expansion strategy. Shirdi has significant potential as a year-round pilgrimage and tourism destination, and we see an opportunity to build a strong hospitality presence by offering comfortable accommodation and differentiated food and beverage experiences. Our focus is on creating a scalable business platform that can support the company’s next phase of growth.”
Mr. Vikram Doshi, Director Finance and CFO, Eco Hotels Group, said, “Shirdi is not only an important spiritual and pilgrimage destination but is also emerging as a promising business hub, with the Government of Maharashtra focusing on developing the region through the introduction of a new MIDC. With the growing economic and spiritual activity in the region, Eco Hotels is confident of driving stronger occupancy and improving ARR at the property.”
As the company continues to grow, its strategy remains focused on increasing its presence in strategically relevant destinations while creating a diversified portfolio across pilgrimage, leisure and business markets. The launch of Eco Satva Shirdi represents another step in this direction and is expected to contribute to the company’s broader growth plans.
